Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (8,222) $ (4,328)
Income from discontinued operations   (53)
Gain on sale of discontinued operations, net of taxes   (687)
Depreciation and amortization 20 4
Stock-based compensation expense 299 93
Change in fair value of warrant liabilities 2,400 1,104
Change in fair value of convertible notes 3,461 2,216
Financing costs associated with convertible notes   530
Non-cash interest expense 132 91
Deferred income taxes   (492)
Change in assets and liabilities:    
Accounts receivable 138 (166)
Inventory 38 156
Prepaid expenses and other assets 44 (151)
Accounts payable 268 (295)
Deferred revenue (29) (98)
Accrued liabilities (13) (46)
Net cash flows used in operating activities (1,464) (2,122)
Cash flows used for investing activities:    
Purchase of property and equipment (74)  
Net cash used for investing activities (74)  
Cash flows from financing activities:    
Net proceeds from issuance of convertible notes and warrants   3,605
Net cash provided by financing activities   3,605
Discontinued operations:    
Net cash provided by operating activities   210
Net cash provided by investing activities   1,000
Net cash provided by discontinued operations   1,210
Effect of exchange rate changes on cash and cash equivalents (50) 42
Net (decrease) increase in cash and cash equivalents (1,588) 2,735
Cash and cash equivalents at beginning of period 2,585 1,324
Cash and cash equivalents at end of period 997 4,059
Supplemental disclosure of cash flow information:    
Cash paid for interest 100 72
Supplemental disclosure of noncash investing and financing activities:    
Warrant liabilities   792
Convertible notes   $ 3,208